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Selling crude oil to Dangote refinery will strengthen economy – Emefiele

The $15 billion Dangote Refinery will buy crude oil in Naira, the Federal Government has confirmed.

The governor, Central Bank of Nigeria, Mr Godwin Emefiele, who visited the refinary on Saturday, said selling crude oil to Dangote refinary in Naira will strengthen the currency and by extension the nation’s economy.

“We have taken the decision to sell the crude to the Refinery in Naira because we want to impact the economy.

“We also hope that by the time the Refinery start to refine, and sell its petroleum products in Naira, the local currency will be stronger, and by extension the nation’s economy, which is still oil-driven.” He added

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